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Say that the demand for good x is 10/p base x. What is the own price elasticity of demand when p base x=3? Consider the
Say that the demand for good x is 10/p base x. What is the own price elasticity of demand when p base x=3? Consider the step from p base x=3 to p base x=3+1 (delta version, not calc version). Hint: this is a normal good.
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